Demergers and reorganisations
Examples of our recent work include:
Tarsus Group
Advising Tarsus Group on the redomiciliation of the company, involving the incorporation of a new Jersey incorporated, Irish tax resident, holding company and the resulting de-listing of the former holding company from the main market of the London Stock Exchange and listing of the new holding company. This was effected by way of a scheme of arrangement. The redomiciliation also involved the implementation of a dividend access plan to enable the shareholders to receive dividends from a UK source rather than the new Irish tax resident holding company.
Four Seasons Health Care Group
Advising Four Seasons Health Care Group on the successful completion of its £1.7bn restructuring, involving negotiations with over 30 different financial institutions across 11 tiers of debt. The restructuring resulted in the Group’s debt being reduced by over 50 per cent and involved a debt for equity swap by a considerable number of the Group’s senior and junior lenders. This transaction was the largest restructuring to be completed in the UK in 2009.
Incisive Media
Acting for senior management during the course of the £530m restructuring of Incisive Media.
Brit Insurance Holdings plc
Advising Brit Insurance Holdings plc on its scheme of arrangement under the Companies Acts to interpose a new Dutch company as the holding company for its group and on the listing of the new Dutch company on the London Stock Exchange.
